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☆ Robert Menendez’s Trial Is Set to Begin, With a Sprawling Web of Charges
▼ + stars: | 2024-05-13 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +1 min

Jury selection for Senator Robert Menendez’s corruption trial starts on Monday in a federal courthouse in Manhattan, a 20-mile drive from Mr. Menendez’s home in northern New Jersey, where for decades he has been a well-known Democratic political leader. His efforts to move the trial to his home turf failed. Jurors picked to decide the case will be from Manhattan, the Bronx or one of several New York counties north of the city. Mr. Menendez, 70, will be tried with two New Jersey businessmen, Fred Daibes and Wael Hana. His wife, Nadine Menendez, 57, was also charged in the bribery scheme but will be tried separately, in July.

Persons: Robert Menendez’s, Menendez’s, Menendez, Fred Daibes, Wael Hana, Nadine Menendez Organizations: Democratic, Prosecutors, U.S, Southern, of Locations: Manhattan, New Jersey, Bronx, New York, of New York, Qatari, Jersey

☆ Stock market today: US stocks rise ahead of a big week with April inflation on deck
▼ + stars: | 2024-05-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors have a big week ahead for economic data, including April CPI and retail sales results. AdvertisementUS stocks edged higher on Monday ahead of a busy week of economic data that could shake stock prices. The most anticipated report for investors this week is Wednesday's release of the April consumer price index report. The inflation data will help investors determine when the Federal Reserve might cut interest rates this year. Ahead of consumer inflation data, the producer price index will be released on Tuesday, with median estimates suggesting a 0.2% rise in April.

Persons: —, Jerome Powell, Neel Kashkari Organizations: Dow Jones, Service, Federal Reserve, Investors, CPI, Philadelphia Fed, Minneapolis Fed Locations: Here's

☆ Melinda French Gates to Resign From Gates Foundation
▼ + stars: | 2024-05-13 | by ( Santul Nerkar | More About Santul Nerkar | ) www.nytimes.com time to read: +1 min

Melinda French Gates, one of the world’s most influential philanthropists and the ex-wife of Microsoft co-founder Bill Gates, announced Monday that she was resigning from the foundation that she and her husband founded. In a post on X, Ms. Gates said she was “immensely proud” of the work of the Bill and Melinda Gates Foundation, which she and Bill Gates started in 2000. As one of the biggest donors at the World Health Organization, it exerts a considerable level of influence over the policies in developing countries, especially in health and education. Mr. and Ms. Gates announced their plans to divorce in May 2021, after 27 years of marriage. The foundation at the time said they would remain co-chairs of the organization.

Persons: Melinda French Gates, Bill Gates, Gates, Melinda Gates Organizations: Microsoft, Melinda Gates Foundation, World Health Organization

☆ Yelp Chief Diversity Officer on lack of AANHPI representation in leadership
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYelp Chief Diversity Officer on lack of AANHPI representation in leadershipYelp Chief Diversity Officer Miriam Warren says Asian Americans are the most likely to be hired into non-managerial positions in tech, but they're the least likely to be promoted into senior leadership positions.

Persons: Miriam Warren

☆ U.S. sounds alarm as thousands in Georgia's capital protest 'Kremlin-style' foreign influence bill
▼ + stars: | 2024-05-13 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Police Force attend a protest against the foreign agents law as two Americans and one Russian citizen are among 20 detained on May 13, 2024 in Tbilisi, Georgia. Thousands of people took to the streets of Georgia's capital on Monday as part of a last-ditch attempt to prevent the country's government from passing a controversial "Kremlin-style" law on foreign influence. Georgia's Interior Ministry said Monday that two American citizens and one Russian national were among 20 people detained at the rally. Separately, Georgia's Special Investigation Service said it had launched a probe into the alleged used of "excessive force" by law enforcement officers against protesters. Russia, which occupies about 20% of Georgia's internationally recognized territory, has used similar legislation to crack down on independent news media and activists critical of the Kremlin.

Organizations: Police Force, Investigation Service, Security, Kremlin Locations: Tbilisi , Georgia, Georgia's, Tbilisi, Russia

☆ Arizona is a cautionary tale for school vouchers as a wave of states are giving parents cash to send their kids to private school
▼ + stars: | 2024-05-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Read previewThe prominence of school vouchers continues to surge across the country — but they might not benefit the families who need them the most. Over the past few years, states like Ohio and Arkansas have expanded their school voucher programs to allow most or all parents to receive funding to send their kids to private schools. The modern school voucher movement started to grow in the 1990s under the idea that the government would give parents a certain amount of money to put toward private school tuition. A new report from the Brookings Institution delved further into the implications of Arizona's voucher program. AdvertisementHave you received a school voucher or decided not to participate in your state's program?

Persons: —, Josh Cowen, Cowen, they've, Katie Hobbs, Rebecca Noble, Doug Ducey, Ducey, Hobbs Organizations: Service, Business, Michigan State University, Brookings Institution, Brookings, ESA, Catholic, Republican, Democratic, Arizona Locations: Ohio, Arkansas, Arizona, Brookings, Phoenix, Queen, Tennessee, Georgia, Alabama

☆ Signs of softness in the labor market, CIO says
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSigns of softness in the labor market, CIO saysManpreet Gill, chief investment officer for Africa, the Middle East and Europe at Standard Wealth Management, discusses the outlook for the U.S. Federal Reserve's monetary policy.

Persons: Manpreet Gill Organizations: Standard Wealth Management, U.S, U.S . Federal Locations: Africa, East, Europe, U.S .

☆ The boss of a $3 billion software company slams RTO mandates, saying they rob workers of the sense of being adults
▼ + stars: | 2024-05-13 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Sarah Franklin, CEO of HR software platform Lattice, is letting workers stay fully flexible. "The data is pretty clear that mandates don't increase productivity," Franklin told Fortune. While some tech companies are mandating workers back to the office, Franklin believes the future of work is hybrid. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The data is pretty clear that mandates don't increase productivity," Franklin told Fortune, "the focus for us at Lattice is carrot, not stick."

Persons: Sarah Franklin, Franklin, Fortune, — Organizations: Service, Big Tech

☆ Andrey Belousov: Shifting his fishing buddy sideways, Putin chooses an economy expert for the war in Ukraine. Here’s why
▼ + stars: | 2024-05-13 | by ( Nathan Hodge | ) edition.cnn.com time to read: +6 min

Alexandra Prokopenko, a former adviser at Russia’s Central Bank, put the shakeup down to the growing interrelationship between the war and Russia’s economy. “Putin’s priority is war; war of attrition is won by economics,” Prokopenko wrote in a thread on X. Russia's President Vladimir Putin, center-right, with Sergei Shoigu, at Red Square for the Victory Day military parade in central Moscow on May 9, 2024. Putin has shifted Shoigu sideways to a post as the secretary of Russia’s Security Council, meaning that Shoigu is not completely out of the picture. Discussing Shoigu’s new appointment, Kremlin spokesperson Dmitry Peskov said the former defense minister would remain immersed in matters of military production.

Persons: Vladimir Putin’s, shakeup, Andrey Belousov, Sergei Shoigu, Alexandra Prokopenko, ” Prokopenko, Belousov, Vladimir Putin, Natalia Kolesnikova, Prokopenko, Pyotr Stolypin, Putin, Shoigu’s, Dmitry Peskov, Peskov, ” Peskov, General Valery Gerasimov, Nikolai Patrushev, Patrushev, Mikhail Mishustin, Dmitry Patrushev, “, ”, Tatiana Stanovaya Organizations: CNN, Kremlin, Russian Ministry of Defense, Russia’s Central Bank, Russia's, Victory Day, Getty, NATO, Putin, US Congress, Ministry of Defense, Security, Russia’s General Staff, subjugating, Security Council, Federal Security Service Locations: Ukraine, Russia, Moscow, AFP, Europe, Kyiv, Shoigu, Russian, Japan, Soviet Union, subjugating Ukraine, Patrushev

☆ Israel’s return to areas of Gaza it said were clear of Hamas raises doubts about its military strategy
▼ + stars: | 2024-05-13 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

CNN —The Israeli military has renewed its fighting in northern Gaza where it previously claimed to have dismantled Hamas’ command structure. The Israeli military also began operating in the area of Zeitoun in central Gaza, as it continues its offensive in eastern Rafah and near the Rafah crossing with Egypt. “Israel’s strategy is not a good one,” said Danny Orbach, a military historian at the Hebrew University of Jerusalem. Others say the re-emergence of Hamas “pockets” is not unusual, and that the Israeli military will have to keep re-entering areas in Gaza until no more fighters emerge. “This process will happen again and again,” Amir Aviv, former deputy commander of the Gaza Division of Israel’s military, told CNN, until all “pockets of resistance” are removed.

Persons: Israel’s, Biden, Antony Blinken, Blinken, Israel, Khan Younis, ” Blinken, Israel “, Dawoud Abo, ”, Danny Orbach, Netanyahu, Netanyahu “, ” Orbach, Phil, General Herzi Halevi, Tamir Hayman, Hayman, ” Amir Aviv, “ Organizations: CNN, CBS News, Israel, Dawoud Abo Alkas, Getty, Hebrew University of Jerusalem, Palestinian Authority, West Bank, Israel Defense Forces, Staff, Institute for National Security Studies Locations: Gaza, Palestinian, Zeitoun, Rafah, Egypt, Israel, United States, Rafah –, Washington, ”, Gaza City, Anadolu, East Jerusalem, Tel Aviv

☆ Bank of Japan has 'put a floor under the yen,' but it is not on 'firm footing,' David Roche says
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan has 'put a floor under the yen,' but it is not on 'firm footing,' David Roche saysDavid Roche, president and global strategist at Independent Strategy, discusses the Bank of Japan's monetary policy and the Japanese yen.

Persons: David Roche Organizations: Email Bank of Japan, Independent, Bank

☆ Calls of the Day: Delta Air Lines, Netflix, Qualcomm, Intel, Huntington, Visa & Mastercard
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Delta Air Lines, Netflix, Qualcomm, Intel, Huntington, Visa & MastercardThe Investment Committee discuss the latest Calls of the Day.

Organizations: Delta Air Lines, Netflix, Qualcomm, Intel, Huntington, Visa, Mastercard, Investment

☆ U.S. tariffs on China: How significant they are depends on 'a lot of layers,' China Beige Book says
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. tariffs on China: How significant they are depends on 'a lot of layers,' China Beige Book saysLeland Miller, CEO of the research firm, discusses U.S. President Joe Biden's plan to quadruple tariffs on Chinese electric vehicles and says, "you can have 100% tariffs on electrical vehicles, but there's also zero Chinese electrical vehicles coming into the United States right now."

Persons: Leland Miller, Joe Biden's, there's Locations: China, United States

☆ This type of employee is more prone to burnout, says Ivy League stress expert—here's why
▼ + stars: | 2024-05-13 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

You don't need to hate your job to experience burnout. For her new book, "Burnout Immunity," Wiens interviewed hundreds of people working in high-stress environments, including hospital employees, police chiefs and financial executives. She found that the people at the highest risk of burnout aren't just those with demanding jobs — they genuinely love their work and routinely go the extra mile. While identifying yourself through your work isn't necessarily bad, it makes you vulnerable to burnout if you make too many personal sacrifices and lose sight of your own self-care. Much of the same vulnerability to burnout exists in people who are passionate about their work and prioritize their employer's needs and goals over their own, Wiens notes.

Persons: Kandi Wiens, Wiens Organizations: University of Pennsylvania's, Medical

☆ I tried all the flavors of Olipop prebiotic soda I could find and ranked them from worst to best
▼ + stars: | 2024-05-13 | by ( Ted Berg | ) www.businessinsider.com time to read: 1 min

Of the 16 varieties I tried, watermelon-lime was the only flavor I found to be off-putting. I was initially excited about Olipop's watermelon-lime flavor. Ted BergI was really excited about Olipop's watermelon-lime flavor — until I took my first sip. Out of the 16 flavors I tried, this was the only one I found to be truly off-putting. My wife tried both cans and didn't care for it either.

Persons: Ted Berg

☆ Amazon employee suspected of shooting at Ohio fulfillment center dead: reports
▼ + stars: | 2024-05-13 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

A man suspected of shooting at an Amazon facility in Ohio died after a police standoff, reports say. The suspect, presumed to be an Amazon employee by police, also reportedly shot and injured a police officer. AdvertisementAn Amazon employee suspected of firing a gun at an Amazon facility in Ohio is dead following a standoff with police, per local reports. The suspect, who police said was confirmed to be an Amazon employee, per the press release, fled in a vehicle. The Sunday shooting isn't the first time an Amazon facility has been the location of gun violence.

Persons: —, Per, Brandon Smith, Steve Kelly, WSYX Organizations: Service, West Jefferson Police Department, Sheriff's, West Jefferson Police, Amazon, Business, Madison County Sheriff's Department, ABC, CBS Locations: Ohio, Madison, Columbus, Vacaville , California, Chattanooga , Tennessee, Lakeville , Minnesota, Rock , Arkansas, Chandler , Arizona

☆ Putin replaces longtime defense minister in surprise move; Russia claims gains as fighting rages in northeast Ukraine
▼ + stars: | 2024-05-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Sputnik/Gavriil Grigorov/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. Russian President Vladimir Putin has moved his longtime ally Sergei Shoigu from the defense ministry to Russia's powerful Security Council amid a government reshuffle. Russian economist Andrei Belousov will be Russia's new defense minister, while Shoigu will replace Nikolai Patrushev, another long-standing Putin ally, as the secretary of the powerful Security Council. Shoigu had headed the defense ministry since 2012, going in to the role with no military experience, and oversaw Russia's invasion of Ukraine in February 2022. In other news, Russia's Defense Ministry on Sunday claimed more advances in the Kharkiv area of Ukraine after Russian forces launched a new offensive in the northeastern region.

Persons: Vladimir Putin, Sergei Shoigu, Staff Valery Gerasimov, Staff Sergei Rudskoi, Andrei Belousov, Shoigu, Nikolai Patrushev, Putin, Yevgeny Prigozhin, Prigozhin, Belousov Organizations: Staff, Armed Forces, Sputnik, Security Council, Wagner Group, Kremlin, Russia's Defense Ministry, Sunday Locations: Ukraine, Rostov, Don, Russia, Kremlin, Russian, Kharkiv

☆ A flood of crypto tokens with names referencing GameStop and famed trader Roaring Kitty have been created in the last 24 hours as developers try to ride a meme-coin resurgence
▼ + stars: | 2024-05-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The social media return of Keith Gill, aka "Roaring Kitty," has sparked a flood of crypto meme tokens. Microcap meme tokens with names like "GME" and "Roar" have soared more than 1,000%. Most of the tokens were created in the past 24 hours as developers try to capitalize on the spike of interest. Another meme token created on the Solana network is "GIL", which was created early Monday morning and soared more than 4,000% on total volume of about $7 million. "ROAR" is another Solana-based meme token that was created Sunday evening and is trading up 1,856% on total volume of about $12 million.

Persons: Keith Gill, —, Keith Gill's, GIL, KITTY, Gill Organizations: Service, Solana, GameStop, AMC Entertainment Locations: Solana

☆ Eton vs. Harrow: Time is running out for one of England’s oldest and most exclusive rivalries
▼ + stars: | 2024-05-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +8 min

Lord's Cricket Ground, London CNN —At Lord’s Cricket Ground in the quiet, well-heeled streets of northwest London, different architectural eras collide together in a mishmash of mismatching styles representing the old and the new. And never is that collision between the old and new more evident than when Lord’s, the self-styled “home” of cricket and one of its most prestigious grounds, hosts the annual schoolboys fixture Eton vs. Harrow. CNN has contacted Eton and Harrow for comment but had not received a response at the time of publication. Spectators at Lord's Cricket Ground during the lunch interval in 1895 at the annual Eton vs. Harrow match. “We have to learn from the past, and the successes of the past too.”‘A turgid image of snobbery’The question of the Eton vs. Harrow match has become entangled in the wider conversations around cricket presently.

Persons: Lord’s, ”, Lord Byron, “, Let’s, Jack Sparrow, Andrew Boyers, I’ve, ” Mark McCullen, Harry Wells, we’ve, ” Wells, Symons, we’re, Stephen Fry, ” Harrow, Tom Jenkins, ” Fry, ” Mark Nicholas Organizations: London CNN, Eton, Harrow, Marylebone Cricket Club, MCC, Oxford, Cambridge, CNN, England Women, Independent Commission, Equity, Cricket, Haymarket Theatre, Etonians, “ Pirates, CNN Sport, Wimbledon, Ascot, Thiele, Times, Harrow coasted Locations: London, Lord’s, Caribbean, Harrow

☆ A law firm that boasts of being the 'most-feared' in the world is boosting pay for newly qualified London lawyers to $225,500
▼ + stars: | 2024-05-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

US law firm Quinn Emanuel has upped pay for junior lawyers to $225,500. Legal pay has been increasing, but keeping pace with the deep pockets of US-based rivals is challenging for UK firms. AdvertisementQuinn Emanuel, one of the largest global litigation firms, just made a major play to attract young talent in London. The firm is increasing base annual salaries for young lawyers to $225,500 (£180,000), according to a statement published on Friday. This story is available exclusively to Business Insider subscribers.

Persons: Quinn Emanuel, —, Law.com Organizations: Service, Business Locations: London

☆ Hilary Cass Says U.S. Doctors Are ‘Out of Date’ on Youth Gender Medicine
▼ + stars: | 2024-05-13 | by ( Azeen Ghorayshi | ) www.nytimes.com time to read: +1 min

After 30 years as one of England’s top pediatricians, Dr. Hilary Cass was hoping to begin her retirement by learning to play the saxophone. Instead, she took on a project that would throw her into an international fire: reviewing England’s treatment guidelines for the rapidly rising number of children with gender distress, known as dysphoria. At the time, in 2020, England’s sole youth gender clinic was in disarray. The waiting list had swelled, leaving many young patients waiting years for an appointment. Staff members who said they felt pressure to approve children for puberty-blocking drugs had filed whistle-blower complaints that had spilled into public view.

Persons: Hilary Cass, England’s, “, Cass Organizations: Staff, National Health Service, Royal College of Pediatrics, Child Health

☆ The Battle for The Streets of New York
▼ + stars: | 2024-05-13 | by ( Dodai Stewart | ) www.nytimes.com time to read: +11 min

New York City streets and sidewalks have always been crowded, but it’s never been like this. But lately, New York City streets are teetering between lively and unlivable. Karsten Moran for The New York Times“I think this could be the catalyst for a streets renaissance in New York,” Janette Sadik-Khan, New York City’s former transportation commissioner, said in a recent interview. New York City’s population reached 8.8 million in 2020, and the New York region is now home to nearly 19 million people. Use this form to tell us what you think about the state of New York City’s streets.

Persons: it’s, Karsten Moran, ” Janette Sadik, “, ”, Susan Lee, William Notman, Jon Orcutt, you’re, —, Henry Hale Bliss, Bliss, James Nevius, George Rinhart, Damon Winter, Sadik, Yorkers who’ve, Ms, Khan Organizations: New, Lexington, Verizon, FedEx, The New York Times, Broadway, Getty, Yorkers, Brooklyn baseball, Midtown, Bike New, city’s Department of Transportation, Park West, Times, New York Times, Cycling Locations: New York City, New York, Manhattan, , New York, York, York’s, Midtown —, Bike New York, United States, Holland, Jackson, Queens, Bogotá, Stockholm, London, Paris, Europe, —

☆ Asia markets largely lower as investors assess China inflation data, await Japan GDP print
▼ + stars: | 2024-05-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Federal Reserve regional presidents Neel Kashkari of Minneapolis and Austan Goolsbee of Chicago said they are taking a patient approach to monetary policy as they weigh surprisingly strong inflation data this year. Let's get a lot more data to see if this inflation is going to continue or if it's stalling," Kashkari said during a joint live interview on CNBC. "We are all committed to getting inflation back" to the Fed's 2% goal. Goolsbee noted the rapid disinflation that occurred in 2023 and said he is hopeful that can resume following the sticky upward trend seen so far this year. Or did we kind of use up all of our good luck and this bump of the beginning of the year is actually a sign of overheating?"

Persons: Neel Kashkari, Kashkari, Goolsbee, Jeff Cox Organizations: Reserve, CNBC Locations: Minneapolis, Chicago

☆ One of the most powerful themes this quarter is the 'energy transition supercycle': Stephanie Link
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne of the most powerful themes this quarter is the 'energy transition supercycle': Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, what to expect from earnings this week, key investment themes this quarter, and more.

Persons: Stephanie Link Stephanie Link, Hightower Organizations: Hightower Advisors

☆ Palantir's Joe Lonsdale on college campus chaos: It's showing the 'rot' at a lot of these places
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir's Joe Lonsdale on college campus chaos: It's showing the 'rot' at a lot of these placesJoe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss the rise in college campus protests, the state of college campus wars, the advancement of defense technology on the battlefield, his trip to India, and more.

Persons: Joe Lonsdale, Palantir Locations: 8VC, India

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